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Govt invites bids for 7.2 cr MUL shares
June 06, 2003 16:53 IST
The government on Friday formally invited offers to sell over 7.2 crore (72 million) shares in its joint venture car company Maruti Udyog Ltd, as part of its decision to divest 25 per cent equity through public offer.
In advertisements appearing in dailies, the divestment ministry has invited participation of investors in the public offering, which would open on June 12.
At a floor price of Rs 115 per equity share of Rs 5 each, the offer would close on June 19.
The formal offer comes even as MUL's international roadshows to woo global investors to the upcoming offering have started across various locations.
The roadshows have been conducted in London and New York and would now proceed to Boston, Amstersdam, Singapore and Dubai.
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